LONDON: U.S. stocks closed lower Thursday, but mostly held the prior day’s rally, as investors continued to consider the possibility of a December rate hike and eyed earnings.
The S&P 500 ended about 1 point lower after trying to hold in positive territory as the close approached. The Dow Jones industrial average also failed an attempt to hold in positive territory, with Apple contributing the most to gains and Goldman Sachs the greatest weight.
“I think it’s just a market that’s consolidating but reflecting on the fact the Fed indicated yesterday in their statement they see the economy doing good,” said Peter Cardillo, chief market economist at Rockwell Global Capital.
